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Saksiam Leasing PCL (BKK:SAK) Gross Margin % : 87.17% (As of Mar. 2024)


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What is Saksiam Leasing PCL Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Saksiam Leasing PCL's Gross Profit for the three months ended in Mar. 2024 was ฿625 Mil. Saksiam Leasing PCL's Revenue for the three months ended in Mar. 2024 was ฿717 Mil. Therefore, Saksiam Leasing PCL's Gross Margin % for the quarter that ended in Mar. 2024 was 87.17%.

Warning Sign:

Saksiam Leasing PCL gross margin has been in long-term decline. The average rate of decline per year is -6%.


The historical rank and industry rank for Saksiam Leasing PCL's Gross Margin % or its related term are showing as below:

BKK:SAK' s Gross Margin % Range Over the Past 10 Years
Min: 57.68   Med: 61.07   Max: 91.13
Current: 58.05


During the past 6 years, the highest Gross Margin % of Saksiam Leasing PCL was 91.13%. The lowest was 57.68%. And the median was 61.07%.

BKK:SAK's Gross Margin % is ranked better than
53.91% of 358 companies
in the Credit Services industry
Industry Median: 54.165 vs BKK:SAK: 58.05

Saksiam Leasing PCL had a gross margin of 87.17% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Saksiam Leasing PCL was -6.00% per year.


Saksiam Leasing PCL Gross Margin % Historical Data

The historical data trend for Saksiam Leasing PCL's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Saksiam Leasing PCL Gross Margin % Chart

Saksiam Leasing PCL Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial 60.19 60.49 62.55 61.64 57.68

Saksiam Leasing PCL Quarterly Data
Dec18 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 89.42 88.19 87.13 -28.24 87.17

Competitive Comparison of Saksiam Leasing PCL's Gross Margin %

For the Credit Services subindustry, Saksiam Leasing PCL's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Saksiam Leasing PCL's Gross Margin % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Saksiam Leasing PCL's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Saksiam Leasing PCL's Gross Margin % falls into.



Saksiam Leasing PCL Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Saksiam Leasing PCL's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=1571.4 / 2724.122
=(Revenue - Cost of Goods Sold) / Revenue
=(2724.122 - 1152.734) / 2724.122
=57.68 %

Saksiam Leasing PCL's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=625.3 / 717.292
=(Revenue - Cost of Goods Sold) / Revenue
=(717.292 - 92.023) / 717.292
=87.17 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Saksiam Leasing PCL  (BKK:SAK) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Saksiam Leasing PCL had a gross margin of 87.17% for the quarter that ended in Mar. 2024 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Saksiam Leasing PCL Gross Margin % Related Terms

Thank you for viewing the detailed overview of Saksiam Leasing PCL's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Saksiam Leasing PCL (BKK:SAK) Business Description

Traded in Other Exchanges
N/A
Address
49/47 Chedsadabodin Road, Tha-it, Muang, Uttaradit, THA, 53000
Saksiam Leasing PCL is a provider of personal loans licensed by the Bank of Thailand, focusing on vehicle title loans and other types of loans. The company operates under the SAKSIAM Loan which covers the Northern, Central, Northeast, and Western Region of Thailand. Its loan offerings include Car registration loans as insurance; Microloans for occupation (Nano Finance); Farmer's Loan; Personal loans; Car loans for money (Hire purchase loan ); and Hire purchase loans (New motorcycles).

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